OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Traditional corrupt power centers lining up together.

Good point.

Regarding ipso facto @ 13:55

“Obama To Push Passage Of TPP Trade Deal Despite Rising Public Opposition”

Obama is just another puppet, groomed flunky or spokes person of the World Gov’t. The USA is going to win its independence again, after it finishes overthrowing the global gov’t dreamers that made many huge mistakes over the decades.

Global economy? They actually created a world trade center type global economy. The Trade Center buildings were hollow empty shells. They LOOKED like big normal buildings, but not built to normal 1910 building standards.

The light weight floor joists were supporting the walls, keeping them from moving left or right. The floors were the weak link. Very vulnerable. Before that day, nobody ever saw a high rise collapse because of fire and melted floor beams.

The global economy was a pipe dream. By the way if any one remembers…I got very optimistic after the 2008 meltdown. I was the only one that predicted the US economy would get better as everyone else kept saying it was going to get even worse.

Back around 1975 when our economy was still ok, I got very pessimistic for the future, and told everyone I knew, everywhere I went, to avoid imported cars. I was the only one concerned, and everyone else thought nothing was wrong. And here we are.

Many people I know these days think the economy will get worse in the future. The “transition” might hurt, but the future looks great for the next 30-40 years. The rest of the countries??

The ones sponging on the USA? Their economic futures look bad for the next 30-40 years. But they can handle it. Its THEM now that are all fat and spoiled. Good by and good riddance. The USA has INVOLENTARILLY done MORE than enough to help them all and we can’t support them anymore.

I agree with Moggie that Trump needs someone with policy and constitutional experience to run with him to instill confidence with the people including those on the fence. Carson would be good in some form of Gov but is a surgeon general he must take a constitutional stance on not siding with pharmas on mandatory vaccines. As Ron Paul once said you don’t want gov owning your bodies,  especially when the ones doing it ” the manufactures lobbying for it” are exempt from prosecution or being sued.

does Michelle Caruso-Cabrera of bubblevision resemble Ted Cruz? 🙂

Obama To Push Passage Of TPP Trade Deal Despite Rising Public Opposition

U.S. President Barack Obama is fully committed to pushing for Congress to ratify the Trans-Pacific Partnership (TPP) deal despite anti-trade sentiment gaining steam on the presidential election campaign trail, National Security Adviser Susan Rice said on Wednesday.

Voter anxiety and anger over international trade and the 12-nation Pacific trade pact have helped propel the campaign of Donald Trump, the Republican front-runner, as well as Senator Bernie Sanders, who is running against Hillary Clinton for the Democratic nomination.

“The president remains fully committed to working to achieve ratification on the U.S. side and encouraging all of our TPP partners to move through their domestic processes to do the same,” Rice told Reuters in an interview on Wednesday.

more http://www.zerohedge.com/news/2016-03-11/obama-push-passage-tpp-trade-deal-despite-rising-public-opposition

Makes sense to me. I think the rest of the Repubs better line up with Trump or they’re going to lose any effectiveness.

Look for Carson to be surgeon general. It will take the best man available to clean up the obamacare disaster.

rno

wj

Good grief, not Rubio…no, no way, no how….no, no, no!  No bottom feeders wanted.

🙂

The Ides of March should be interesting with FOMC and primaries and usual market shenanigans.

Oil should be a good short early next week based on supply/demand fundamentals…

Ha Ha ….fundamentals, rim shot

Rubio?
wj

Broken Bazookas

Dear CIGAs,

“There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.”
–William Shakespeare

First it was the Fed, then it was the Bank of Japan, now the ECB (and maybe even China). Mario Draghi finally let loose this morning with everything left in his monetary “bazooka” and gone as far as the Bundesbank will let him. He also has to face the BIS restrictions in the next three weeks which are far from certain to be in favor of his actions. http://www.zerohedge.com/news/2016-03-10/draghi-whips-out-bazooka-ecb-announces-surprise-refi-marginal-lending-rate-cuts-boos

Looking backward first, the Fed unsettled markets in mid December with a rate hike. Japan lit gold’s fuse in January with the announcement of negative interest rates. Today, Mario Draghi spent and fired his last shot, it will be seen as a blank. Now we will get to see what sort of reaction is received from the markets. Initially the markets went in the “favored” directions, that only lasted for about an hour. The Euro is again strengthening, gold going higher and stock markets have turned negative as if asking “now what? Do you have anything else”?

Before going further I want to break down what they are trying to do into its most basic form. Systemically (including Europe) the world ran into “debt saturation” back in 2007. The plan was to cure too much debt with …more and more debt. The “experiment” has not worked and will not work …and Mario Draghi just ran into a wall where this is it, he has no more room to “experiment”. No doubt this is being done now to try to support the Italian (Spanish and others) debt that has gone bad.

There is another little problem that few are talking about, the BIS. The Bank for International Settlements has warned Mr. Draghi not to go to this wall of negative interest rates and further outright monetization. The BIS has the ability to force Draghi to not only stop the madness but also reverse it. So not only are the markets asking “what’s next?”, it is also wondering whether or not the BIS will step in.

We also have another piece to add to this puzzle, China. They just announced they will http://www.zerohedge.com/news/2016-03-10/china-proposes-unprecedented-nationalization-insolvent-companies-banks-will-equitize begin to take equity stakes for non-performing loans via the banking system. “Nationalization” no matter what they call it. It had been speculated China would have to devalue the yuan in an effort to make their massive corporate debt payable and industry more competitive. I would suggest this is simply wiping out current debt in an effort to make room available to create more debt and to reflate. We will see how this works out but I do not believe this is any more credible than any of the other “serial reflators”.

Many times it is said “OK, so you see the problem but what’s the answer”? The answer is obvious and we will get to it after looking at the true problem. The world hit debt saturation in 2007, sovereign treasuries and central banks stepped in and sacrificed (destroyed) their own balance sheets in an effort to reflate. We know it has not worked and the global economy (pie) is no longer growing. The ONLY way for a country or region to “grow” is by taking an inordinate size of the pie and the only way to do this is by devaluing currency faster than your competitors.

The problem today is ALL currencies are competing against each other in debasing (devaluing). If you devalue too slowly you lose. If you devalue but not enough, again you lose. This is the problem with and misunderstanding of the USDX index, the currencies are all valued against each other and NONE OF THEM ARE REAL! The “answer” as it was back in 2008 is still the same, rather than race “against” each other THEY ALL need to collectively devalue! The only way to do this is to collectively devalue against “something” …and that something is what it always has been, GOLD!

A collective devaluation will do several things. First, it will create “inflation” and thus make the existing debt payable if the devaluation is deep enough. Business will get “reflated” and main street will actually participate in the better business conditions. Most importantly, for those nations who actually do hold gold, their balance sheet holes will be filled up and patched. Sovereign treasuries with gold will suddenly see their coffers filled. There is of course the problem of nations who either do not hold gold or have lied and no longer hold what they said they did. In this case, these nations become the world’s new “cheap labor” and begin to dig their way out via industrial/commercial production. This is a very long and hard process which also involves a huge drop in the standard of living.

Do I know what the level needs to be for gold to perform its function as central bank reserve? No, the number could be $25,000, $50,000 or $5 million or more, I do not have the answer. The biggest holder(s) of gold on the planet could simply “mandate” a price or do it via the physical markets over a reasonable period of time …but they will do this as it is the only viable solution.

We now have a situation where central banks have lost their credibility. This will lead to a loss of confidence in all things paper. Either the central banks revalue their balance sheets with a wildly high gold price or the markets will do this for them by voting with their feet so to speak. We are on the cusp of absolutely wild market gyrations and obscene price levels for gold. So obscene you will either be in or you will be out forever. Do not try to time anything, these last bazookas fired with blanks will be seen as a very large starting gun!

Standing watch,

Bill Holter
Holter-Sinclair collaboration
Comments welcome, bholter@hotmail.com

http://www.jsmineset.com/

South Africa mines dispute pits inequality against investors

A landmark South African court case that starts on Tuesday will ask a judge to rule whether the need to reduce racial inequality trumps shareholder rights.

The Chamber of Mines of South Africa is asking the High Court to back its view that the Mining Charter stipulates that companies should be credited with disposing of a minimum of 26% of their assets to black investors even if those stakes were later sold. The original charter agreed to by the government and the mining industry took effect in 2004. The Department of Mineral Resources updated it in 2010 to make the minimum requirement permanent.

“It is going to be huge — if the chamber loses, everybody who’s been disempowered will have to be re-empowered,” Andrew Mitchell, a partner at the Johannesburg-based legal firm Fasken Martineau, said by phone. “The shareholders are not going to like it because it means they’ll get rediluted again.”

cont. http://www.mineweb.com/news/mining-finance-and-investment/south-africa-mines-dispute-pits-inequality-against-investors/

“I just hope it isn’t Christy.”

Yeah me too!

Not likely, as Trump has expressed he would require someone with governing experience to guide him.  I just hope it isn’t Christy.

Maybe a good VP candidate?

Franco-Nevada Reports Strong Year-End 2015 Results and Provides Outlook

http://finance.yahoo.com/news/franco-nevada-reports-strong-end-211500916.html

Brazil prosecutors seek Lula’s arrest for money laundering

http://finance.yahoo.com/news/sao-paulo-prosecutors-charge-brazils-203848858.html

Detour Gold Reports Fourth Quarter and Full-Year 2015 Results

http://finance.yahoo.com/news/detour-gold-reports-fourth-quarter-221455643.html

Newmont Sells Stake in Regis for US$182 Million

http://finance.yahoo.com/news/newmont-sells-stake-regis-us-223600617.html

Guyana Goldfields Inc. Reports 2015 Year-End Results; Producing 35,901 oz of Gold of which 28,850 oz were Sold Generating $31M in Revenue and Earnings of $0.13 Per Share

http://finance.yahoo.com/news/guyana-goldfields-inc-reports-2015-230700212.html

Agnico Eagle announces additional investment in Belo Sun

http://finance.yahoo.com/news/agnico-eagle-announces-additional-investment-232000540.html

Pretivm Reports Fourth Quarter and Year End 2015 Results

http://finance.yahoo.com/news/pretivm-reports-fourth-quarter-end-021535025.html

Pretivm Announces Exercise of Participation Rights by Orion Mine Finance

http://finance.yahoo.com/news/pretivm-announces-exercise-participation-rights-100000841.html

McEwen Mining Reports 2015 Full Year and Q4 Results

http://finance.yahoo.com/news/mcewen-mining-reports-2015-full-110000872.html

Yeah, keep on printing boyz. Its a race to the bottom and throw in negative interest rates for fun.

I think the Central Banks have got it right actually. Print money and buy gold ! I can remember the days when Central Banks where selling gold. Stupid is as stupid does I guess. Glad to see they have reversed course and stocking up on the ounces these days. Hmmm….wonder what changed their mind??  Sell gold at 400….buy it back at 1200. Bright bunch they are. 🙂

Have a great one. ITS FRIDAY !!  YaaaHuii  !! Get a few chores done and head to town. Later, Farmboy

Ps) I see Moggy is tied up at the moment….oh wait…its YOUR cat. Well, I aint messin with the rat killer. I’ll just ride my bike to town.

Hey Farmboy….that is my cat…..We have an identical one.

They are Norwegian Forest cats. Normally black/grey and white, but some litters have those biscuit coloured ones.
Huge characters, as they were bred to kill rats on Viking Long Boats, so they had to be as tough as all hell, as the Vikings weren’t exactly known for their sympatico !!!!!!!

Sorry, I’m busy.

SM and Dollar bid, Pm’s offered……..only problem Scum have, is that they are fast becoming the only ones who believe.

I gather Draghi’s latest effort is less popular than a turd in the punch bowl, in Deutschland….Having a spendthrift Eyetie, in faux charge of a runaway printing press, aka the ECB. Knowing they are getting the bill, is the stuff of their worst nightmares in the Fatherland.

Still it’s good news for us, we should all send Draghi a keep well card.